Create a safety net for life's uncertainties
It’s surprisingly easy to end up with too much insurance or not enough. Some people are covered for things they don’t need. Others are missing cover where it matters most. The truth is, most of us need some kind of insurance.
What’s right for you depends on your life, your finances and how you feel about risk. Everyone’s financial journey is different. Life stages don’t always follow a set timeline. Whether you’re just starting out, raising a family, building a business or planning for retirement, your priorities shift. So should your insurance.
If you’re unsure what you’ve got, what you need or whether it’s working for you, that’s where good advice comes in. Let’s cut through the confusion and get your insurance working for you, not against you. Talk to a RIVAL Wealth adviser today.
Key insurance to consider:
Health insurance: Health issues don’t always wait for retirement. Whether it’s surgery, specialist care, or unexpected medical costs, comprehensive health insurance helps you access the treatment you need without the financial stress. It’s about protecting your well-being and keeping life moving, especially when public wait times could slow you down.
Income protection: This cover is all about keeping your lifestyle afloat if illness or injury stops you from working. It provides regular income while you recover, helping you stay on top of bills and responsibilities, especially important if others rely on your income. It’s not just for worst-case scenarios; it’s about protecting your day-to-day life when things don’t go to plan.
Life insurance: Life insurance becomes increasingly important as financial responsibilities grow. A policy that provides the right amount of cover can ensure that your family is financially secure in the event of your untimely death, covering debts, education costs, and living expenses.
Trauma insurance: Trauma cover pays a lump sum if you’re diagnosed with a serious illness or injury listed in your policy,like cancer, a heart attack, or stroke. It’s designed to take the financial pressure off during a tough time, helping you cover immediate costs and focus on recovery. Unlike income protection, it doesn’t rely on your working hours or income, just the diagnosis.
This information is of a general nature and is not intended as personalised financial advice. RIVAL Wealth is a Financial Advice Provider (FAP) licenced by the Financial Markets Authority to provide financial advice. Our disclosure document is located at rivalwealth.co.nz or a written copy is available on request
